Page 2 - Pension Python News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ask whether there will be enough in the fund when they are ready to retire. the problem is the squeeze. >> fan it is tick. that was squeezey the pension python the cartoon character introduced by the office of illinois governor pat quinn to raise public awareness about the state's growing pension problem. they owe more than they have in the coffers. legislate tours failed to enact any meaningful reform. this past weekend moody investor as service decided to downgrade to the lowest in the nation. just ahead in california they warn of a still negative outlook. all of this you may think i don't l...

Governor, it was squeezy that python. why is that the fed's responsibility to bail people out of their own bad decision-making? >> it might be good politics to do that, president obama porting the people who supported him, but it very bad economics. in illinois, you ran the tape of the pension python. that python is $233 billion in the state of illinois. those that don't have the money. what they should be doing is addressing the pension problem. they are not doing so. beneath the surface, the desire for help from someone else. megyn: think about how this makes the people of detroit deal. ther...

And all the other states may soon have to put their bill. according to the pew research center, illinois has the most underfunded public pension system in the entire country. the funding ratio of just 45%. 45% funded. estimated $95 billion short of where they need to be to pay out the promised pension. a problem that pat quinn says needs to be fixed to find a solution. it is harder to come by. here is a video that we just released. the governor squeezing the pension python. >> sometimes they make smaller payments than what they promise. the investments that we made with that pension fund, the ...